Now we don’t often get folks asking us about whether or not their Rhinocort Aqua prescription is going to affect the outcome of their life insurance application. After all, Rhinocort Agua (budesonide) is simply a nasal spray corticosteroid that is used to treat nasal symptoms such as congestion, sneezing and runny nose caused by seasonal or year-round allergies.
Rhinocort Aqua may also be used to keep nasal polyps from coming back after they have been removed through surgery but since nasal polyps aren’t really a major concern for life insurance companies, you’re not going to find that insurance companies care all that much about your Rhinocort Agua prescription.
With one exception….
As you’ll see, Rhinocort Aqua’s primary ingredient is budesonide, which is also a medication that is used to treat those who suffer from asthma.
Now you may be wondering, what does this have to do with you since you don’t suffer from asthma, you only suffer from allergies? But since both conditions can often be treated by the same medication, you may find that in some cases, the insurance companies may want to ask you some additional questions so that they can rule out any potential asthma diagnosis.
Now why is this important?
Ruling out asthma is important because in asthma can be a potentially life threatening condition for those who suffer from “severe” asthma. Now for those who simply have a “mild” form of asthma, you’ll generally find that you’ll still be eligible for a Preferred life insurance rate, we just want to make sure that we have all the “facts” in place prior to submitting a life insurance application, this way we can set ourselves up for success rather than invite additional scrutiny!
Ok, so if my Rhinocort Aqua is simply for allergies, and I don’t have asthma, will it have any affect on my life insurance application?
For the vast majority of folks who are using Rhinocort Aqua to treat their seasonal and/or yearly allergies, its use shouldn’t have any effect on the outcome of your life insurance application. In fact, you should still be eligible for what is called a Preferred Plus rate class which is the best possible rate available.
But it should be noted that…
Only about 20% of all life insurance applicants can actually qualify for a “Preferred Plus” rate class which is why it only makes sense that we take a moment to look at what are some of the most common factors that will be used to determine what life insurance rate class you’ll likely qualify for.
Common application questions that will be used to determine your “rate class”:
- How old are you?
- What is your current height and weight?
- Have you ever been diagnosed with any previous medical conditions such as cancer, heart disease, stroke or diabetes?
- Has any of your immediate family members ever been diagnosed with cancer, heart disease, stroke or diabetes?
- In the past 12 months have you used any tobacco or nicotine products?
- Aside from Rhinocort Aqua, are you taking any other prescription medications?
- Do you have any issues with your driver’s license?
- Do you have any set plans to travel outside of the United States in the next 2 years?
- Have you ever been convicted of a felony or misdemeanor?
- Are you currently working now?
- In the past 12 months have you applied for or received any form of disability benefits?
From here the insurance company as well as us here at TermLife2Go will have a pretty good idea of what “type” of life insurance policy you’ll be able to qualify for and at what rate.
At this point we’ll also like to take a look at some of the “newer” term and whole life insurance options that are available for clients to take advantage of that won’t require them to take a medical exam. These types of policies are particularly beneficial to clients who don’t have any existing coverage in place right now (coverage can begin within 24 hrs vs waiting 2 to 4 weeks) as w-ell as to those who haven’t actually had a physical in- several years.
Who’s ready to see how much their insurance is going to cost?
If you are, just check out our Free Online Life Insurance Quotes page which will allow you to see dozens of different life quotes from dozens of different life insurance companies instantly without having to wait for a phone call or an email!
So what are you waiting for? Give us a call today and see what we can do for you!